For Most Buyers, the Mortgage Market Is HealthyThe widespread notion that the entire mortgage market is in crisis is just plain wrong, say lenders in various parts of the country.The majority of mortgage products have been unaffected by troubles in the subprime segment. Interest rates for 30-year, fixed-rated loans remain in the low 6 percent range for people with reasonably good, though not necessarily perfect, credit records, according Kenneth R. Harney, managing director of the National Real Estate Development Center and syndicated columnist.While there is plenty of money to lend, Harney says underwriting standards are more strict than they were a year ago. Jumbo loans, for example, often require two appraisals - one by an appraiser selected by the lender and the other by one working...
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